Fiscal Year 1965 CRNECSIT A . NAM N IL Y
as . TI • ItD • usLla ACCOUNTANT
KEY WEST. PLOIOA
November 17,1965
Board of County Commissioners •
• Monroe, County
Key West,Florida.
Gentlemen:
I have examined the accounts of Meacham Airport
relative to receipts and disbursements for the fiscal year
ending September 30th,1965. The examination was made in
accordance with generally accepted auditing standards
applicable in the circumstances and included all auditing
procedures which I considered necessary.
In my opinion, the accompanying statements fair •
-
ly present the financial condition of Meacham Airport for •
the fiscal year ending September 3oth,1965 and the results
of its operations for the fiscal year then ended.
Very truly yours,
E G y,
Ernesstt A.Ramsey, S.P.A.
NxmROE COUNTY
NE/LORAN AIRPOIIT
KEY WEST,FI!)RIDA
SEPTEMBER 30,1965
BALANCE SkLEET
CURRENT A.3SETS
airport Revenue Fund 162124.98
Airport Operation and Maintenance Fund 6724.76
Airport Development and Replacement Fund 17736.44
Airport Interest and Sinking Fund
"Series 1955" 63420.77
Airport Interest and Sinking Fund
"Series 1956" 2358.75
Airport Reserve Fund "Series 1956" '9510.14 1181875.84
FIXED ASSETS
Airport Terminal Building a595880.91
Airport Runways 576814.50
Fire Fighting Apparatus 15211.00 $1187906.41
TOTAL A. 3ETS $1369782.25
LIABILITIES
airport Revenue Bonds "Series 1955" 3.70% 1309000.00
Airport Revenue Bonds "Series 1956" 4.25% 111000.00
Interest Due 12-1-65 "Series 1955" 5716.50
Interest Due 12-1-65 "Series 1956" '358.75 $ 428075.25
DOPRECIATION REScKVE
Airport Terminal Building a 89368.00
Airport Runways 86521.00
Fire Fighting Apparatus 15211.00 $ 191100.00
SURPLUS $ 750607.00
TOTAL LIABILITTFS $1369782.25
MONROE COUNTY
t EhCRA kIR/CRT •
KEY WEST„FLORIDA.
dEPTEMBER 30,1965
AIRPORT REVENUE FUND
5Ai.Fu.CE IN FUND OCTOBER 1,1964 $ 60550.a1
INCOME
Interest on Ue^nsits $ 300.00
Airline Fees and rentals 22013.24
Parking Lot. 1067.30
P'.ertz U Drive It Lease 7999.92
Concessions 7336.71
Other income 9875.40
Race Track Funds 41000900 s 59592.57
TOTAL 3i50142.98
DISBURSEMENTS
Transfer to operations and
.Nanaesent $450(.0.00
Transfer to interst and
Sinking Fund "1955" deries 32173.00
Transfer to Interest and
Sinkin6 Fund "1956" Series 10845.00 $ 88018.00
3AI.i.P.CE IN FUND :,EPT: PE 30.1965 62124.98
I!G
$20000.30 Special Deposit 3%
$42124.98 Regular Deposit
0.0NROE COUNTY
1.0BACi1Ai. AIRPORT
KEY 't3T,FLORIDA.
CEB EE ER 30,1965
fl&PORT CPERETI07.S :iD 0C.INTnN.100 . . ;:.D
j..L;NOZ IN FUND OCTOIBER 1,1964 7 °?.85
KEGE.IPTS
Transfer From Airport Revenue Fund 345000,00
TOTAL $52387.65
D152175 PCNT.S
Salaries $24253,52
Utilities 9983.23
_nsurnnce 7442.71t
>.ai:tenance 3053.60
Other 724.00 43 63.>
.61.7_EV,CE IN FLR„D SEPTEBBER 30,1965 6?24„36
t.3i iCS COJNTY
•EN0 1S: i:IRPO
KLY iv'63 ,YLOi I9.:
SEF E..BER 30,1965
f;13POBP JFYbLCi2:Ei:P nND :.e.Cz:;. :I:'L FUND
FUND 0020u:b. 1,1964 ;17119.56
.. .061rs
Interest on Deposits 616.88
.0
R.LAN:II FUND 3:SP."E:. 3_' 30,1965 17736044
- eposit 3x
47E9..3o npecial De-D rIt 4'%
1259.36 . a_ De:-sit
,;JF.al: COUNTY
:.Y.ACi1Mt 2dRF0YT •
KEY rv%CT,FLORTDk.
S-.PTE.B 30,1965
:39POKT INTEREST A.ND F ; D
"SERIES 1955"
µ.i.AhaCL IN FUND CCTOBBB 1,1964
Cash $ 1077.69
Bonds 60402.92 061460.61
RhCEIPTS
Profit on Investments $ 1940.16
Transfer from Atroort Revenue
Fund $32173.00 $34113.16
TOTAL 95593.77
DI3BUR3aFN76
interest Paid 412173.00
Bonds redeemed 20000.00 $32173.00
aa;r,NC3 IN FUND SEPTBM&R 30,1965 $63420.77
NOTE
Cash $3353.37
Bonds 60067.40
Securities Ud Govt Bills
$'1000,00 Due 6-30-66 $39417.40
$21000.00 Due 11-30-65 $20650.00
':O6R6E CCU1.TY
c.e.ACP..,i, nIRPORT
K SY
,P1`nh.B!:K 30,1965
AIRPORT INTIIIEuT iANO SILKING FUil)
itiERIES 1956"
.a..,NC3 IN FOND OCTOB..R 1,1964 d Us86.25
_.0 IPTS
Transfer "ron; .lirport revenue ?und a10Ea5,ii0
O_JJ- 13331.23
Interest Paid a4972.50
_....::s Redeened 6000.00 31C972.53
_i` FUN:. 3v,1965 : 2)58.75
MONROE COUNTY
EJtCFLAE ALRPORT
KEY WEoT,FLORIDA
SEPTEMB"ER 30,1965
AIRPORT REVENUE BOND RESERVE
"SERIES 1956"
•..1..NOE IN FUND OCTOBER 1,1964 $28495.23
Cash $510.14
Bonds $27985.09
RECEIPTS
Profit on Investments $ 1014.91
TOTAL 4329510.14
DISBURSEMENTS
BaT .NCE IN FUND SEPTEEEER 30,1965 $29510.14
Note:
Cash $1629.54
Bonds $27890.60
Securities U.S.Govt' Bills
$29000.00 due 6-30-66 Cost $27880.60
60NROE COUNTY
N:EACHAN. AIhPORT
Jr 4. ST,FLORID..
SEPTEMER 30,1965
PUNNED DEBT
"O RI S 1955" 3.70%
c; OF ISSUE MTURITY D:.TS nt:0'.7!T .W91.6dnD
.:pri1 1.1955. 1958 $16000.00 4-1-58
1959 16000.00 4_1_59 •
1960 17000.00 4_1-60 ' •
1961 17000.00 4-1-61
1962 18000.00 4-1-62
1563 18000,00 4-1-63
1964 19000,00 4-1-64
1965 20000.00 4-1-65
1966 21000.00
1967 22000.00
1968 23000.00
1969 23000.00
1970 24000.00
1971 25000.00
1972 26000.00
1973 27000.00
1974 28000.00
1975 29000,00
1976 30060.00
1977 31000.00
TOTAL $450000.00
OUTSTANDING .$309000100
MCNROE COUNTY
EACHAM AIRPORT
KEYATST,FLORIDk
SERTEN ES 30,1965
FUNDED DEBT
"SEcIES 1956" 4.25%
DATE CF ISSUE MATURITY DATE :.MOUNT 5a1DEED
June 1,1956 1959 $5000.00 6-1-59
1960 5000.0E 5-1-60
1961 5000.00 6-1-61
1962 6coo.00 6-1-62
1963 6000.00 6-1-63
1964 605u.00 6-1-64
1965 60.,u.0o 6-1-65 •
1966 700u.00
1967 700E GO
1968 7060.00
1969 7000,00
1970 7000.00
1971 8000.00
1972 8000.00
1973 9000.00
1974 9000.60
1975 10010,00
1976 10000.O0
1977 11000.0E
1978 iloo0.o0
TOTAL S150000.'00
OUTSTANDING S111000.00 .
0NR0 COUNTY
t860:L3P. aTFti'ORT
n. Y 'na3T,FLGRIDA •
:..,.,EIPTS AND DISBURSBPtNTS ai:sLYsI5
. C31FTS 1964 196
Airport Operations $42273.97 048292.57
Interest on .;^_posits 9442.20 916.08
Profit on Investments 2914.28 2955.07
Face Track Funds 56000.00 41000.00
iJT:.L $102130.45 $931E4.52
Airport Operations a45663.09
:nt.erest a... -.edesption
series 195- 32a7E.00 )2173.00
Interest and 7.eaemntion
"5er1es 1956" 1122/.50 10572.50
66731.9E 0E8E08.55
__.,,crest on Lime Deposits v 630.00 0 c59.09
Irefit 'm _nvestments 2500.00 - .m0
..irli_ . F-ss and :._.tals 284)1 .52 21f30.00
Taruin, ict 1300.0G 1000.30
^.z ..rive it Lease 8000.00 F.300.02
2800.30 7300.00
ItUdr .__eiFts 8600.00 9000.00
__auk Funds 39000.00 5000.00
„_cries 320200.00 229130.00
tilities, Inotrance
and i°aintenance 230lC.00 23000.00
,_., . xr_Pnses 1000.00 1000.00
_nterest ant `edemption
"aeries 1955" 32173.00 52433.00
interest and Redemption
"Seri .s 1956" 10572,50 11717.50
JCULTY i.b>:;1.S.o ..:.D 6.,C T:u.CK RtC.3iPTS
0ccupateopa1 License TE .58
4e
:ace aracx _unds 9`_170v6.0u a13{25O.00
•
1 .:hROE COUNTY
r.EACHnh w112n0RT •
KEY N::oT, 1,01.1SA
JLFT::Hi.R 30,1965
11::41:2`.CE SCHEDULE
axericar. national :ire insurance Company
!ire and 3xttnded Coverage
Policy No. 150-62-5-
a-wing 7-1-66
xirnort Terminal su_iiing C250000.00
_rrio.ers' _isbiiity ea sur . ,e Corporzticn
Eire and ,.mended Coverage
Policy No. EPS-10120-4O
xpiring 5 16-70
airport ___mina_ Pui'_z n.: $25000C.00
iremans' _ and Ingtrance Company
mpre__.__.e Liability Policy.
oxrir+n 1 -<2-67
Policy Sp. 17.-08S1
bodily _nQury ol00000.6C Mach Person
$100i,C06.00 Each accident
Hrooerty Lamage .>500000.00 Each ..evident
New nrst_._am y
ua ty Ummesny
Compre nen'siver. o::.obile Liability Folicy
Polley No. .14C 93-12-59
Expiring 11-1-65
::odily injury .400000.00 Each Person •
$3000.00.00 Each .,evident
Froperty Manage $ 5000.00 Each ..evident
Hatioral Fire insurance Company
Policy No. IF 731769
Expiring 3-28-66
. Neon .iign a 582.00
_ ew „a.sterdar Casualty Company
Policy t:o. SC 788616
Expiring 1-e-66
Etandari 'Norkmens' Compensation and
Employers Liability Policy